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90% of NFTs Will Be Worthless in 3 to 5 Years, Coinbase Cofounder Warns
Non-fungible tokens, or NFTs, have taken the art market and its many adjacent industries by storm this year. And its extremely volatile trading activities make it still too early to say how it’s going to play out. But according to one of the earliest purveyors of cryptocurrencies, the vast majority of NFTs in the market today will be worthless in just a few years. In an interview on Bloomberg TV this week, Coinbase cofounder Fred Ehrsam drew parallels between the rise of cryptocurrencies and the dotcom boom of the 1990s. “I go so far as to say that 90% of NFTs produced, they probably will have little to no value ... (full story)
